Kazakhstan Projects 9.4 trln tenge to Prop Up Power Sector Until 2030
Thursday 8 November 2012
ASTANA (Interfax-Kazakhstan) – Power generation draft concept until 2030, provides for 9.4-trillion tenge investments, the Minister of Industry and New Technologies of Kazakhstan Asset Isekeshev.
Nearly 5.5 trillion tenge of total allocations will be directed to power generation, 1.4 trillion to the national power grid, 2.5 trillion tenge to regional power distribution companies, he said at the 8<sup>th</sup> national meeting of Kazakhstan power companies in Astana on Thursday.
The draft provides for creating a unified power system, reducing environmental stress, increasing the share of renewable energy sources in Kazakhstan’s power generation and introducing energy-efficient technologies.
KZT 600 bln investment in coal industry
In the same meeting, Deputy Minister of Industry and New Technologies Bakhytzhan Dzhaksaliyev declared that during the next decade, over 600 billion tenge will be invested in Kazakhstan’s coal sector (150.64/$1): “The total investment in the coal industry during the next ten years will reach 614 billion tenge, including 260 billion tenge in construction and innovative technologies and 300 billion tenge in modernization of mining and quarry assets.” The projected coal production by 2030, he said, may total 150 million tons of coal.
As reported, in 2011 Kazakhstan produced 116.3 million tons of coal, which is 4.9% above the 2010 level.